Section 17

Terms defined in s 2

• Bank

  Bank

  Defined · s 2

  "Bank" means the Central Bank of Malaysia established by the Ordinance;

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• constituent documents

  constituent documents

  Defined · s 2

  "constituent documents", in relation to an institution, means the statute, charter, memorandum of association and articles of association, rules and by-laws, partnership agreement, or other instrument, under or by which the institution is established and its governing and administrative structure and the scope of its functions, business, powers and duties are set out, whether contained in one or more documents;

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• director

  director

  Defined · s 2

  "director" includes any person who occupies the position of a director, by whatever name called and, in particular, without prejudice to the foregoing, in the case of— (a) a corporation, has the meaning assigned thereto by the Companies Act 1965; (b) a co-operative society, means a member of the board, or other governing body howsoever called, of the co-operative society; (c) a statutory body, means a member of the board, committee, council or other governing body, howsoever called, of the statutory body; (d) a partnership, means a partner; (e) a sole proprietorship, means the sole proprietor; and (f) any other body, association or group of persons, whether corporate or unincorporate, means any person having the direction and control of the management of its affairs or business;

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• licence

  licence

  Defined · s 2

  "licence" means a licence granted or deemed to be granted under section 6 (4);

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• licensed institution

  licensed institution

  Defined · s 2

  "licensed institution" means any institution licensed or deemed to be licensed under section 6 (4);

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• licensed local institution

  licensed local institution

  Defined · s 2

  "licensed local institution" means any licensed institution established in Malaysia;

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